coal

Arch Coal will not develop a massive coal mine in southeastern Montana.

The company based Thursday’s decision on a weakened global coal market and an uncertain permitting process.

Coal advocates say the decision will cost Montana thousands of jobs and hundreds of millions of dollars in lost tax revenue and wages.

They blame the project’s failure on environmentalists and political heel-dragging on behalf of Governor Steve Bullock’s administration.

Alpha Natural Resources filed a plan today outlining how it hopes to emerge from bankruptcy. At the heart of the plan is a proposal to sell the company's core assets, including its Wyoming mines.

Google Earth

Peabody Energy is one of the largest coal companies in the world and operates mines all over the United States. But some of its senior lenders are now recommending bankruptcy, as the company faces potential defaults on several loans.

Oregon Says No To Coal-Fired Electricity

Mar 4, 2016
David Hanson

Oregon lawmakers have passed a landmark clean-energy bill that lays out a timeline for Oregonians to stop paying for electricity from coal-fired power plants through its two largest utilities, PacifiCorp and Portland General Electric.

Peabody Energy / Wikimedia Commons

Peabody Energy, one of Wyoming’s largest coal producers, appears to be teetering on the brink of bankruptcy.

Bob Beck

Wyoming lawmakers are addressing a revenue shortfall that could reach 600 million dollars by 2018, by making some budget cuts and using some of the nearly $2 billion dollars they have in savings. But things could get worse very soon, especially since the state is losing a major source of income for school construction, which is coal. 

With Industry In Turmoil, Energy Players Meet In Houston

Feb 26, 2016
IHS Energy/CERAWeek

  

The energy industry is in turmoil. Coal and oil prices are way down, there are big changes to environmental regulations in the works, and more and more renewables are coming online. Some of the biggest players in the industry met at a conference in Houston this week to weigh in on what it all means. Inside Energy reporter Jordan Wirfs-Brock was at IHS CERAWeek. She spoke to Wyoming Public Radio’s Stephanie Joyce from the conference about the biggest issues on the table for the energy industry.  

TRANSCRIPT:

Recent coal company bankruptcies pose a significant risk to taxpayers, the Secretary of the Interior told a U.S. Senate committee Tuesday.

Some of the largest coal companies in the country were never required to put up cash or obtain third-party insurance to cover their reclamation costs.

Interior Secretary Sally Jewell said the federal government is concerned there is little cleanup money set aside as the coal industry slides deeper into financial trouble.

In January, the federal government notified the Wyoming Department of Environmental Quality that bankrupt coal company Arch Coal could be in violation of mining regulations. On Monday, DEQ responded to the notice, writing that it has already dealt with the alleged violation which relates to Arch Coal's reclamation bonding.

Regulators cited an agreement that would require Arch to put aside some funds for future coal mine clean up as one of the steps it has taken to ensure the company's reclamation obligations are covered. 

In a surprise move earlier this month, the Supreme Court put the Obama administration's Clean Power Plan on hold while legal challenges are resolved.

On Thursday, speaking at a conference in Cheyenne, an official with the Environmental Protection Agency suggested that the delay may give states more time to comply with the rule if it is ultimately upheld. 

The federal government notified regulators in Wyoming, Colorado, and New Mexico this week that one of the world's largest coal companies may be out of compliance with coal mining regulations. 

Stephanie Joyce / Wyoming Public Media

Cloud Peak Energy, one of Wyoming’s largest coal producers, reported a $205 million loss in 2015. 

"Clearly 2015 was a tough year for domestic coal producers with demand being driven down by anti-coal regulations and very low gas prices. Unfortunately, 2016 looks like it's going to be even tougher," Cloud Peak CEO Colin Marshall told investors on a conference call. 

In response to a federal inquiry about potential mining violations by bankrupt coal company Alpha Natural Resources, Wyoming regulators say they are in compliance with the law. But, regulators did note that the challenges created by "the dramatic decline in Alpha's financial condition... highlight certain systemic problems with self-bonding." Self-bonding references a financial tool that gives companies a pass on putting aside funds for clean-up if they can prove financial strength. 

EIA

The number of train cars carrying coal on U.S. railroads has dropped thanks to falling demand and warmer-than-usual winter temperatures.

Total train traffic during the first week of February was down slightly, just 1.4%, from the same week last year. But the number of train cars carrying coal plummeted by around 30%. Transportation analyst Tony Hatch says railway companies are trying to diversify by transporting new products.

Stephanie Joyce / Wyoming Public Media

  

  

Earlier this week, the U.S. Supreme Court blocked a major part of President Obama's climate change agenda... the Clean Power Plan. That rule, which would limit carbon dioxide emissions from existing coal fired power plants is now on hold until legal challenges against it are resolved. Wyoming is one of the 27 states to sue the federal government over the regulations. Our Inside Energy reporter Leigh Paterson joins Caroline Ballard to talk about what it all means. 

Wyoming regulators and a bankrupt coal company have reached a resolution on the company's substantial outstanding coal mine cleanup costs. 

Arch Coal declared bankruptcy with nearly half a billion dollars of future clean up costs still on its books. Documents filed with the bankruptcy court earlier this week indicate Wyoming regulators wanted financial assurances that the company would be able to pay those clean up costs.

Stephanie Joyce

Bankrupt coal miner Alpha Natural Resources is hoping to put its core assets on the auction block, including its mines in Wyoming. 

A group of the company’s lenders have placed a so-called “stalking horse bid” of $500 million, effectively setting the floor for what the company would accept. Pending approval by a bankruptcy judge, Alpha could start taking bids from other interested buyers later this month.

The company doesn’t have to go through with the sale of the assets, but could if it gets a high enough bid.

The federal government has agreed to give state regulators an extension to respond to its inquiry into potential violations of mining regulations.

The Office of Surface Mining Reclamation and Enforcement, OSMRE, sent two Ten-Day Notices to the Wyoming Department of Environmental Quality on January 21st. The notices asked the state to take a closer look at whether two bankrupt coal companies are out of compliance with federal and state mining regulations.

Stephanie Joyce

Wyoming regulators have asked for more time to respond to the federal government's concerns about potential lapses in state oversight of coal mine reclamation.

The Office of Surface Mining Reclamation and Enforcement sent two ten-day notices to the Wyoming Department of Environmental Quality on January 21st. The agency believes that two bankrupt coal companies, with hundreds of millions of dollars in outstanding clean up costs, could be in violation of federal mining regulations.  

Stephanie Joyce

A panel that makes recommendations on whether new federal coal projects should move forward has given the green light to two proposals in Montana and Wyoming.

Cloud Peak Energy and Lighthouse Resources want to mine a combined 644 million tons of coal from government reserves. The Powder River regional coal team recommended that the Bureau of Land Management begin the environmental review process for both projects.

A bankruptcy judge has authorized up to $12 million dollars in bonuses for executives of the bankrupt coal mining company Alpha Natural Resources.

Coal Downturn Makes It Harder To Clean Up Its Dirty Past

Jan 22, 2016
Reid Frazier / Allegheny Front

When she was growing up, Julie Bundy’s parents forbade her from playing on the "slate dumps." That was their shorthand for the hundred-foot-tall pile of loose rubble that sat right in the middle of Fredericktown, the southwestern Pennsylvania coal town where her grandparents lived.

“My grandparents lived in the yellow house on the corner with the slate dumps in the back yard. As long as I can remember, it was there,” Bundy says.

Bundy, 36, now lives across the street from the dumps, a coal-refuse pile left over from a defunct mining operation that ended decades ago.

The federal government sent two notices to the Wyoming Department of Environmental Quality today, wanting regulators take a closer look at hundreds of millions of dollars in clean-up costs held by two bankrupt coal companies.

It is called a Ten-Day Notice. The Office of Surface Mining Reclamation and Enforcement (OSMRE) sends these out if it believes there is a violation of coal mining regulations. 

Stephanie Joyce / Wyoming Public Media

The federal government has come out strongly against a proposal by bankrupt coal miner Alpha Natural Resources to pay its executives up to $12 million in bonuses. 

In filings with the bankruptcy court, the United States Trustee, an arm of the Department of Justice, excoriates the proposed bonuses, saying they are completely unjustified.

Stephanie Joyce / Wyoming Public Media

  

In President Obama’s recent State of the Union address, there was a line that caught the ear of people in the energy industry.

“I’m going to push to change the way we manage our oil and coal resources, so that they better reflect the costs they impose on taxpayers and our planet,” he said.

White House

President Obama called for an overhaul of the nation’s energy system in his final State of the Union address. 

Obama criticized climate change deniers in the speech, saying it’s time to stop debating and start innovating. He praised investments in wind and solar energy and called for moving away from “dirty” energy sources.

“And that’s why I’m going to push to change the way we manage our oil and coal resources, so that they better reflect the costs they impose on taxpayers and our planet,” he said.

Another coal giant, with operations all over the US, declared bankruptcy today.

St. Louis-based Arch Coal hopes to get rid of $4.5 billion dollars in debt through this Chapter 11 reorganization. The company mines coal in Wyoming, Colorado, Illinois, and Appalachian states and says it expects operations to continue during bankruptcy proceedings.

 

U.S. coal production in 2015 was lower than it has been in nearly 30 years, according to a report released by the Energy Information Administration today. 

EIA data projects that the U.S. produced 10% less coal in 2015 than it did the year before. Analysts attribute this drop to a combination of low natural gas prices, a slowing of international demand, and environmental regulations. Brian Park, an industry economist on the EIA's coal statistics team says Appalachia has been hit hardest by far. Wyoming's Powder River Basin in comparison, has lower operating costs.

Coal-Fired Power Plants Clean Up Their Act

Jan 8, 2016
Reid Frazier / Allegheny Fron

 

In Wyoming, nearly 90 percent of electricity comes from coal.  In North Dakota, 80 percent, and in Colorado, 60 percent. Even before the Obama Administration's Clean Power Plan is implemented, these power plants must make retrofits to comply with current law that requires scrubbing emissions of dangerous air pollutants like mercury. Most of the nation's coal-fired power plants are racing to comply.

How does that retrofit happen? Reid Frazier of the Allegheny Front takes us to the Homer City Generating Station in Pennsylvania to see.

Stephanie Joyce / Inside Energy

This is a story about accounting.

I know, you're already clicking out of the story, right?

But wait. This is a story about accounting for your money. Lots of money you may not even know you had. It’s buried on federal and tribal lands in the form of natural resources, in states like Wyoming and Colorado. For the past few years, a controversy has been quietly raging over how much companies owe you when they extract those resources, and how much you’re allowed to know about it.

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